Gould Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products:
Activity Cost Pool Activity Rate
Setting up batches $59.06 per batch
Processing customer orders $72.66 per customer order
Assembling products $3.75 per assembly hour
Data concerning two products appear below:
Product K91B Product F65O
Number of batches 86 57
Number of customer orders 36 50
Number of assembly hours 490 897
Required:
How much overhead cost would be assigned to Product K91B using the activity-based costing system? (Round your intermediate calculations and final answers to 2 decimal places.)
Answers
Answer:
Total allocated overhead= $9,532.42
Explanation:
Giving the following information:
Activity Rate
Setting up batches= $59.06 per batch
Processing customer orders= $72.66 per customer order
Assembling products= $3.75 per assembly hour
Product K91B
Number of batches 86
Number of customer orders 36
Number of assembly hours 490
To allocate overhead, we need to use the following formula on each activity rate:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Setting up= 59.06*86= 5,079.16
Processing= 72.66*36= 2,615.76
Assembling= 3.75*490= 1,837.5
Total allocated overhead= $9,532.42
Related Questions
Which best explains why there are many job opportunities in the Lodging pathway?
Answers
Answer:
The pathway includes low-paying jobs.
Explanation:
Edge2021
- True or False: Professional shoplifters steal primarily for the excitement.
Answers
What action should a project manager take to ensure effective project governance?
Answers
Answer:
Prioritize clear, reachable, and sustainable goals during the closing phase
Which Airlines lounges are the best ?
Answers
Reason:
Air France’s first class is the whole package. Not only does Air France offer one of the world’s best first class inflight products, but the carrier’s ground experience in Paris is equally impressive.
If you’re connecting in Paris, you’ll be picked up at your plane and driven to the first class lounge, and then later on will be driven from the first class lounge to your connecting flight.
There’s so much to love about the Air France first class lounge, though my favorite thing is probably the restaurant, which has an Alain Ducasse menu. In my experience it’s the best food offered in any airline lounge in the world. It’s not just that the food quality is excellent, but the service and presentation are equally good.
Hopefully this helps!
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answers
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
Answers
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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Which of the following strategies yields positive profits when the stock price is low but not when the stock price is high?
a. Straddle
b. Bullish spread
c. Protective put
d. bearish spread
Answers
Answer: d. bearish spread
Explanation:
With a bearish spread, the investor believes the market to be heading for a price decline in the stock of interest. They will therefore purchase a put option on it. However, they also want to reduce the cost of the transaction so what they will do is to simultaneously buy 2 put options for the same asset for the same date of expiration but with different exercise prices.
If the price of the stock then falls, they will make a profit on both aand reduce costs.
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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how old does a fight have to be in order for it to be old
Answers
Answer:
2 weeks and more why?
Explanation:
a tenant with this insurance policy suffers a substantial loss due to a lightning strike and an apartment fire that erupts as a result of that storm. the tenant should take each of the following steps as soon as possible except
a. call the insurance company and report the loss and damages
b. sign up for additional renters insurance, as this coverage has now been "used up" will be expired
c. divide property into "damaged" and "undamaged" categories and submit a thorough list of everything "damaged"
d. provide receipts, when available, for damaged items, costs associated with living elsewhere, and costs of doing any self-repair on the rental property.
Answers
In this case, the tenant should not take the next step, enrolling in additional renters insurance, as this coverage has already been "used" and will expire.
What is an insurance policy?Corresponds to a document containing relevant information about the relationship between the insurer and the insured, that is, when an individual acquires an asset, he can contract formal insurance via a contract that specifies the insurer's obligations towards the asset, such as:
Period of validityRoofFeesAssistanceTherefore, observing the question and the statements, the option that should not be followed by the tenant is to subscribe to the insurance for additional renters, but rather to observe through your contract which coverage the insurer will or will not cover for your damages.
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Distinguish between
Supplementary compensation
with
Base
Compensation
with
citation from books-
Answers
Basic pay in the form or wages and salary is referred to as base or primary compensation. It is a set, non incentive payout based on the amount of time spent working. Incentives and variable rewards that are based on either an individual's productivity or the output of the collective as a whole make up supplemental compensation.
What exactly is a supplementary payment?Compensation that is provided in addition to an employee's regular salary or wages is known as supplemental pay. Bonuses, tips, paid vacation or sick leave, prizes, retroactive pay hikes, and other types of extra compensation are all examples of supplemental pay.
What does base pay mean?The most popular ways to describe base pay are as a hourly basis, monthly payment, or annual salary. It excludes benefits and extra money including commission, tips, overtime, and bonuses. In light of all this, base pay might only make up a small portion of an employee's overall salary.
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Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
Answers
If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
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what are three ways employers pay employees
Answers
Answer:
Three ways employers use to pay employees include salary, hourly wage and commission.
Explanation:
hope it helps you!
There are three ways employers pay employees are:
Overtime (hourly wage).Salary (monthly)Rewards and the commission. What is employees?The term employee refers to the work in the company to earn the money. The employee is the provided the services to the company with exchange of the salary. The employees are the work with the unity are the increased the wealth of the company.
A company was the run to the based on the employers and employees. The employers included the top level management and the employees included the lower level management. Three ways was the based on the employers used to pay employees include paid the salary of the months, rewards, bonus, and commission. Sometimes paid to the extra overtime.
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Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 65. Furthermore, the standard deviation for BX-5 was 7. Ms. Flynn would like to maintain a 95% service level. z=1.65
a. What safety stock level do you recommend for BX-5?
b. What is the appropiate reorder point?
Answers
Answer:
A. 12 units
B. 77 units
Explanation:
A. Calculation to determine What safety stock level do you recommend for BX-5
Using this formula
Safety stock = Z * Standard deviation of demand
Let plug in the formula
Safety stock= 1.65* 7
Safety stock= 11.55 units
Safety stock=12 units (Approximately)
Therefore The safety stock level recommended for BX-5 is 12 Units
b. Calculation to determine What is the appropiate reorder point
Using this formula
Appropriate re-order point = Mean lead time demand + Safety stock
Let plug in the formula
Appropriate re-order point = 65 + 12
Appropriate re-order point = 77 units
Therefore the appropiate reorder point will be 77 units
How important are structure and culture compared to the other primary internal considerations for a strategic plan?
Answers
Structure and culture are among the primary internal considerations for a strategic plan. The importance of structure and culture cannot be undermined, as they both play an important role in the success of a company's strategic plan. Although there are other factors that may contribute to the success of a strategic plan, structure and culture are vital. They can be used to leverage the strengths of an organization to achieve its goals.
Structure refers to how an organization is organized and the interrelationships between different departments. A company's structure determines how information flows within the organization, and how employees interact with one another.
An effective structure enables employees to work together efficiently, leading to a higher level of productivity.
Culture refers to the set of values, beliefs, and attitudes that guide the behavior of an organization's members. A positive culture promotes employee engagement, which is essential for achieving an organization's goals.
A company's culture can influence how it deals with problems, how employees communicate with each other, and how they make decisions, among other things.
In conclusion, structure and culture are essential components of an organization's strategic plan.
By investing in a positive culture and a well-defined structure, companies can increase employee engagement, productivity, and ultimately, achieve their goals.
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Suppose the government imposes a tax of 10 percent on the first $20,000 of income, 20 percent on the next 40,000 of income and 30 percent on income above $60,000. For a person whose income is $90,000, the tax liability is _________ and the marginal tax rate is __________.
Answers
Answer:
For a person whose income is $90,000, the tax liability is $9,000 and the marginal tax rate is 30%.
Explanation:
total tax liability for someone earning $90,000:
$20,000 x 10% = $2,000
$40,000 x 20% = $8,000
$30,000 x 30% = $9,000
total tax liability = $19,000
A taxpayer's marginal tax rate, refers to the rate at which every additional dollar of income will be taxed.
Pact Company had net income of $972,000 based on variable costing. Beginning and ending inventories were 7,800 units and 5,200 units, respectively. Assume the fixed overhead per unit was $3.61 for both the beginning and ending inventory. What is net income under absorption costing?
a. $969,400
b. $925,077
c. $962,614
d. $981,379
e. $1,018,923
Answers
Answer:
c. $962,614
Explanation:
Income under variable costing = $972,000
Opening and closing inventories = 7800 units and 5200 units
Fixed overhead per unit = $3.61
Net income under absorption costing = $972,000 - ($7,800-$5200)* $3.61
Net income under absorption costing = $972,000 - $9,386
Net income under absorption costing = $$962,614
True or False, a peer review is usually done before the appeal process
Answers
Answer:
True or False, a peer review is usually done before the appeal process
False
WHAT IS A CALCULATED INTEREST RATE
Answers
Answer:
Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.
Explanation:
Linden, Inc. uses a 6,900 square foot factory space that it rents for $3,500 a month for all its manufacturing activities. Linden has decided to switch to an activity-based costing system, and has identified its activities as follows: Preparation and Setup, Machining, Finishing, and Quality Control. 3,100 square feet of the factory are used for machining, while 1,400 square feet (each) are used for Preparation and Setup and Quality Control. Finishing uses 1,000 square feet. When assigning indirect costs to each activity, how much factory rent should be assigned to the Preparation and Setup cost pool
Answers
Answer: $710.14
Explanation:
Out of the total space of 6,900 square foot, Preparation and Setup uses 1,400 out of this.
Rent is $3,500
The total rent to be apportioned to it will therefore be;
= 1,400/6,900 * 3,500
= $710.14
The Perspective explains mental characteristics and traits that are shared by all or most humans.
Answers
Answer:
The perspective being referred to is likely the evolutionary perspective, which suggests that certain mental characteristics and traits are shared by all or most humans because they have evolved to be adaptive and enhance survival and reproductive success. These may include things like fear of dangerous animals, attraction to healthy mates, and language acquisition abilities.
Explanation:
Henry Ford is known for the introduction of the assembly line and the Model T. As his manufacturing effort expanded, however, he also adopted an attitude that came to be known as Fordism. What was one of the central tenets in his system?
Answers
Answer:
Fordism, a specific stage of economic development in the 20th century. Fordism is a term widely used to describe (1) the system of mass production that was pioneered in the early 20th century by the Ford Motor Company or (2) the typical postwar mode of economic growth and its associated political and social order in advanced capitalism.
Explanation:
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Which 2 statements about non verbal communication are true?
Answers
Answer:
The 2 statements that are true about nonverbal communication are:
A) Nonverbal communication is not culture-bound and does not
reflect the values and norms of a culture.
B) Nonverbal messages communicate much about relationships.
What is Communication?
This refers to the means by which a message is transmitted from one person to another.
Hence, we can see that based on the given question, it can be noted that nonverbal communication does not need words and as such, it is not culture-bound and does not reflect the values and norms of a culture.
Explanation:
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Advertising is NOT a good way to find harmful information about a product because a. it is not endorsed by the government. b. there are no regulations to control what is said. c. only favorable information is likely to appear. d. it is the most available source of information.
Answers
what is the relative worth of goods
Answers
Relative Value in Consumption is measured as the relative cost of the amount of goods and services such as food, shelter, clothing, etc., that an average household would buy. Historically this bundle has become larger as households have bought more over time.
Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current year, ABC has net income of $305,000 after deducting Robert's $91,500 salary. In addition to his compensation, ABC pays Robert dividends of $213,500.
a. What is Robert's qualified business income? $305,000? (correct)
b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $213500(incorrect), $91500(incorrect).
Answers
1. Robert's qualified business income is $305,000.
This is because Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business.
What is the net income and dividend?During the current year, ABC has net income of $305,000 after deducting Robert's $91,500 salary. In addition to his compensation, ABC pays Robert dividends of $213,500.
If Robert's experience and responsibilities are valued at $213,500, then his qualified business income would also be $213,500.
Robert's income of $91,500 falls under the category of reasonable compensation, and hence, he will not have to pay any self-employment tax.
If Robert's skills and obligations justify a fair salary of $91,500, his eligible business earnings would amount to $123,000. Robert's salary of $91,500 would be viewed as justifiable remuneration and therefore exempt from self-employment tax.
The sum of $213,500 that Robert obtained from ABC as dividends would be liable to the self-employment tax.
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what happens to the price of a good or service when a shortage of that good or service occurs?
Answers
Answer:
If shortage of goods and services occurs, obviously, the price will touch the sky, i. e. the price will increase twice or thrice the Real price...
Young Company received $18,000 cash from the sale of a machine that had a $13,000 book value. If the company is subject to a 30% income tax rate, the net cash flow to use in a discounted-cash-flow analysis would be
Answers
Answer: $3500
Explanation: ($18,000 - $13,000) x (1 - 30%) = $3500
There were 1,700 units in beginning inventory that were 40% complete with regard to conversion. During the month, 8,550 units were started and 9,000 were transferred to finished goods. The ending work in process was 60% complete with regard to conversion costs, and materials are added at the beginning of the process. What is the total amount of equivalent units for materials and conversion at the end of the month using the weighted-average method?
Answers
Answer:
The total amount of equivalent units for materials and conversion at the end of the month using the weighted-average method is:
Materials Conversion
= 10,250 units 9,750 units
Explanation:
a) Data and Calculations:
Ending Work in Process Inventory (Units):
Beginning Inventory units = 1,700
Units started during the month = 8,550
Total units 10,250
Units transferred out 9,000
Ending Work in Process (Units) 1,250
Equivalent Units of Production: Units Materials Conversion
Units transferred to Finished Goods 9,000 9,000 (100%) 9,000 (100%)
Ending Work in Process 1,250 1,250 (100%) 750 (60%)
Total equivalent units 10,250 9,750
b) Using the weighted average method, the total equivalent units considers only the units transferred to the Finished Goods Inventory and the Ending Work-in-Process Inventory. The Beginning Work-in-Process Inventory is not part of the computation.
Fill in the blank spaces using the correct word from the following.
1-Economics
2-Economist
3-To economize
4-Economy
5-Economic
6-Economical
7-Economically
a.———is someone who studies the way in which wealth is produced and
used in an area (a nation or a region).
b. The verb that describes the act of reducing the amount of time, money and products
etc. used for saving purpose is———
c. The system in which a nation's goods and services are produced and used is called———
d. It is———
to spend less without wasting.
e. The field of study that deals with the way wealth is produced and used is called———
f. The——— development of a country can be indicated by per capita
Answers
Answer:
a) Economist
b) To economize
c) Economy
d) Economical
e) Economics
f) Economic